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- Tasks: Manage submissions, quotes, and binds for new business in a hybrid role.
- Company: Join a dynamic London-based underwriting team focused on diverse commercial sectors.
- Benefits: Enjoy hybrid working with 3 days in London and 2 days remote.
- Why this job: Be part of a supportive team while making impactful decisions in the insurance market.
- Qualifications: A Levels or similar qualification; deep knowledge of insurance products required.
- Other info: Work with a variety of clients, from charities to manufacturing, with premiums ranging from £15,000 to £400,000.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
Our clientsare looking for a Senior Development Underwriter to join theirLondon Branch, proactivelymanaging the submissions, quotes and binds for new business and delivering against targetquote and conversion ratios. This job is hybrid working-3 days in London or seeing Brokers, 2 days at home.
Joining a London based New business underwriting team as a Senior P&C underwriter you will write general commercial combined business. Products include Charities (Healthcare), Education, Health and Social Care, Hotels, Manufacturing, Office, Property Owners, Restaurants, Motor Trade and Warehousing. Premiums are probably from £15,000 -£400,000. The London team cover a wide area to include Essex, East Anglia, Milton Keynes, Bedford, Reading, and Kent. Underwriters are supported by administrators in Redhill and a sales and distribution team.
What Will You Do?
Manage the profitability, growth, and retention of an assigned book of businessprimarily comprised of moderate to complex accounts across all our clientsproducts.
Underwrite and skilfully negotiate moderate to complex risks to minimise risk andmaximise profitability, including Mid Term Adjustments (MTAs).
Proactively manage your portfolio, ensuring key performance indicators areconsistently achieved and you actively target new business and retention.
What Will Our Ideal Candidate Have?
A Levels or similar qualification.
Knowledge: Deep knowledge of products, the regulatory environment, and the localinsurance market.
Analytical/Criticalthinking:Strongcriticalthinkingskillswiththeabilitytounderwrite, market products, identify financial challenges, and analyse available information tomake decisions in alignment with our clientsrisk appetite.
Communication/Influence: Excellent communication skills with the ability tosuccessfully negotiate in difficult situations with brokers.
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Senior Property & Casualty Underwriter employer: Compass Recruitment Ltd
Contact Detail:
Compass Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Property & Casualty Underwriter
✨Tip Number 1
Familiarize yourself with the specific products and sectors mentioned in the job description, such as Charities, Education, and Health and Social Care. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the London insurance market, especially those who work in property and casualty underwriting. Attend industry events or join relevant online forums to build connections that could lead to valuable insights and potential referrals.
✨Tip Number 3
Prepare to discuss your experience with managing a portfolio of moderate to complex accounts. Be ready to share specific examples of how you've successfully negotiated risks and achieved key performance indicators in your previous roles.
✨Tip Number 4
Demonstrate your analytical and critical thinking skills by being prepared to discuss how you approach underwriting decisions. Think about how you can showcase your ability to identify financial challenges and align with the risk appetite of clients during the interview.
We think you need these skills to ace Senior Property & Casualty Underwriter
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Senior Property & Casualty Underwriter position. Understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in underwriting, particularly with moderate to complex risks. Mention any specific products you've worked with that align with the company's offerings.
Showcase Analytical Skills: Demonstrate your analytical and critical thinking abilities in your application. Provide examples of how you've successfully managed portfolios or negotiated with brokers in the past.
Tailor Your Communication: Since excellent communication skills are crucial for this role, ensure your application reflects your ability to communicate effectively. Use clear and concise language, and consider including a brief example of a successful negotiation.
How to prepare for a job interview at Compass Recruitment Ltd
✨Showcase Your Knowledge of the Insurance Market
Make sure to demonstrate your deep understanding of the local insurance market and regulatory environment during the interview. Be prepared to discuss recent trends and how they might impact underwriting decisions.
✨Highlight Your Analytical Skills
Prepare examples that showcase your strong critical thinking skills. Discuss specific instances where you successfully underwrote complex risks or identified financial challenges, and explain how you made decisions aligned with the client's risk appetite.
✨Demonstrate Effective Communication
Since excellent communication is key for this role, practice articulating your thoughts clearly. Be ready to discuss how you've successfully negotiated in challenging situations with brokers, emphasizing your ability to influence outcomes.
✨Understand the Role's Key Performance Indicators
Familiarize yourself with the key performance indicators relevant to the Senior P&C Underwriter position. Be prepared to discuss how you have achieved similar targets in your previous roles and how you plan to manage profitability and growth in your assigned book of business.
